STTCOMP MGT TA Long
MC 193m
SOI 2.8b
CASH 4.1m, and option conversion this week
Activity. Iron ore miner/processor
MGT has been in a strong uptrend since January, after the initial breakout in August. Price has recently withdrawn to the lower quarter of the rising channel, and today we have the first green candle of the week. This indicates to me that the price will now continue to rise to meet the demands of the channel formation. Last famous words.
Target - high nine's.
